How to Profit From the Drone Delivery Race

Well, folks, every day there seems to be a new tech development that gets us closer to living in an episode of the futuristic show, “The Jetsons”! In this case, that tech development comes courtesy of Amazon (NASDAQ:AMZN). The company recently received Part 135 air carrier approval from the Federal Aviation Administration (FAA) to deliver packages with drones.

Source: Andy Dean Photography /

Known as “Prime Air,” this fleet of drones should help the company deliver packages in less than 30 minutes. Amazon has yet to give a rollout date for when we will actually see the drones in action, but it has been testing drones for years, and this approval is a critical step in the process.

Amazon is only the third company to receive this approval, behind Alphabet (NASDAQ:GOOGL) and United Parcel Service (NYSE:UPS), but none have widely implemented delivery drones, yet.

While the idea sounds a bit wild, the benefits of delivery drones are clear: drones are battery-operated and more energy efficient and environmentally friendly. In addition, they do not create traffic and can help reduce delivery time and errors.

There is a catch, though. Currently, drones require humans to operate. This includes not only a certified drone pilot who controls the device but also someone who monitors the drone to make sure it flies safely.

So, we are still a pretty long way from a fully automated artificial intelligence (AI)- powered drone, but this is certainly a step forward.

With that said, other companies are still racing to be the first to rollout delivery drones.

Case in point: Walmart (NYSE:WMT).

Walmart has teamed up with air delivery startup Flytrex to begin testing delivery drones. Flytrex quadcopters are controlled through a cloud-based dashboard to deliver packages.

Walmart’s pilot testing, which will take place in Fayetteville, North Carolina, will include free deliveries up to 6.6 pounds. The drones will use tethers to drop off the items directly in backyards from 80 feet in the air.

The Best Way to Play the Drone Trend

While we can’t quite call a winner in the race to delivery drones just yet — there are some companies that will profit from these AI advancements right now.

So, as investors, there’s significant opportunity here. While individual tech companies like Alphabet or Amazon have their positives …

I would rather invest in the one company that all of Big Tech needs.

I call it The A.I. Master Key. Specifically, it’s a hardware company that makes the “brain” all artificial intelligence software needs to function, spot patterns and interpret data. And its technology is already powering some drones.

I’ll tell you the basics of this company, as well as my buy recommendation, in my special report The A.I. Master Key.

The stock is a “Strong Buy” in this volatile market. And, by the way, it also pays a dividend — making it attractive to yield-hungry investors in the current ultralow rate interest environment.

If you’re looking for high-growth stocks, dividend plays or even small- and mid-cap stocks, my Platinum Growth Club Model Portfolio has you covered. Now is a great time to join Platinum Growth Club, as I’ve been very busy adding new stocks in the past month across all my services.

I’ve recommended six new buys in Growth Investor, four in Breakthrough Stocks, 11 in Accelerated Profits (including two new stocks on Wednesday) and five in Platinum Growth Club.

And that’s just the beginning.

New fundamentally superior opportunities are popping up on my radar as I write this, and I expect to add new companies to my Buy Lists so my subscribers are “locked and loaded” for the third-quarter earnings season, which, by the way, should be stunning.

As a Platinum Growth Club subscriber, you have access to every single stock — I have over 100 stocks across all my services! If you’re interested, you can sign up here. And you couldn’t pick a more perfect time to join. I will be hosting my exclusive September Live Chat Event next Monday — for my Platinum Growth Club subscribers only.

This is an incredibly valuable event that you don’t want to miss. I will be discussing a wide range of topics, including my current market outlook, the recent tech stock rotation, catalysts to propel my Platinum Growth Club Model Portfolio stocks higher and the third-quarter earnings season. I will also take time at the end to answer subscriber questions.

So, if you sign up today, you can send me your questions and I’ll address them live during the event. I will also be hosting a special Q&A for my Elite Platinum Growth Club subscribers next Thursday, so I encourage you to join now so you can send me your questions early! I look forward to hearing from you.

Click here for full details.

Note: The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owned the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:

Amazon (AMZN)

Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation

Article printed from InvestorPlace Media,

©2023 InvestorPlace Media, LLC